• Gold Price is trying to find footing around $1,200

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    15-Nov-16 Price Change % Change
    Gold Price, $/oz 1,224.00 2.80 0.23%
    Silver Price, $/oz 17.03 0.15 0.90%
    Gold/Silver Ratio 71.877 -0.481 -0.67%
    Silver/Gold Ratio 0.0139 0.0001 0.67%
    Platinum Price 932.80 1.10 0.12%
    Palladium Price 705.40 8.25 1.18%
    S&P 500 2,180.39 16.19 0.75%
    Dow 18,923.06 54.37 0.29%
    Dow in GOLD $s 319.59 0.19 0.06%
    Dow in GOLD oz 15.46 0.01 0.06%
    Dow in SILVER oz 1,111.23 -6.79 -0.61%
    US Dollar Index 100.18 0.06 0.06%

    IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure our retail selling price, multiply the “ask” price by 1.035. To figure our retail buying price, multiple the “bid” price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.

    SPOT GOLD: 1,227.90
    GOLD Fine Tr.Oz. BID ASK $/oz
    American Eagle 1.00 1,264.74 1,269.03 1,269.03
    1/2 AE 0.50 625.72 647.72 1,295.43
    1/4 AE 0.25 315.93 330.00 1,319.99
    1/10 AE 0.10 128.82 134.46 1,344.55
    Aust. 100 corona 0.98 1,196.37 1,205.37 1,229.71
    British sovereign 0.24 291.22 304.22 1,292.33
    French 20 franc 0.19 226.96 230.96 1,237.05
    Krugerrand 1.00 1,245.09 1,255.09 1,255.09
    Maple Leaf 1.00 1,237.90 1,251.90 1,251.90
    1/2 Maple Leaf 0.50 706.04 644.65 1,289.30
    1/4 Maple Leaf 0.25 313.11 328.46 1,313.85
    1/10 Maple Leaf 0.10 130.16 133.84 1,338.41
    Mexican 50 peso 1.21 1,472.95 1,483.95 1,230.78
    .9999 bar 1.00 1,232.20 1,239.90 1,239.90
    SPOT SILVER: 17.05
    SILVER Fine Tr.Oz. BID ASK $/oz
    VG+ Morgan $B4 1905 0.77 25.00 27.00 35.29
    VG+ Peace dollar 0.77 20.00 22.00 28.76
    90% silver coin bags 0.72 12,687.68 12,973.68 18.15
    US 40% silver 1/2s 0.30 4,836.53 4,986.53 16.90
    100 oz .999 bar 100.00 1,684.50 1,719.50 17.20
    10 oz .999 bar 10.00 171.95 176.95 17.70
    1 oz .999 round 1.00 16.85 17.35 17.35
    Am Eagle, 200 oz Min 1.00 18.55 20.05 20.05
    SPOT PLATINUM: 932.80
    PLATINUM Fine Tr.Oz. BID ASK $/oz
    Plat. Platypus 1.00 947.80 977.80 977.80

    Today I want to concentrate on palladium & interest rates.

    Palladium Price has been ROARING since the first of November. Look at this chart, http://schrts.co/OW0iE0

    Palladium Price bottomed back in January 2016 and peaked in August. However, its correction, unlike silver & gold’s, ended November first. It went all the way down to the uptrend line from January, and has been cavorting ever since. Arrows point to feverishly bullish MACD, huge volume on rises, 200 DMA & uptrend line touch back, and now, palladium is ready to punch through the downtrend line from the August high.

    Ain’t got a clue what’s driving it. It’s primarily an industrial metal, used as a catalyst, especially in automotive catalytic converters. Clearly something I don’t see is going on, but the chart doesn’t lie.

    Here is the chart of the yield on the 10 year US treasury note, http://schrts.co/vUJO4G
    Note the gaps in the frenzied rise since Trump’s election. Mark also how the yield is punching through the downtrend line from 2007. Yep, it’s massively overbought so might correct any time, but that’s not the point. What’s crucial is that it has most assuredly changed trend to UP. After 36 years of central bank interest rate suppression interest rates have LOADS of upside — clear blue sky above.

    Looky here at the 30 year treasury bond price (not yield), http://schrts.co/IoR0Nw
    This chart is broke as the Ten Commandments. Free falling. Will correct a little soon, but trend has turned down. (Y’all don’t forget: when interest rates rise, bond prices fall.)

    The whole financial landscape is about to suffer an earthquake from rising interest rates. Nobody’s watching it. The abyss will open up shortly to swallow the unwary.
    US dollar index crept toward that 100.60 resistance, gaining 6 basis points to 100.18 today. Watch what happens when it hits that resistance.

    Dow made another new all time high today at 18,923.06, higher by 54.37 (0.29%). S&P 500 played catch up, rising 16.19 to 2,180.39.

    Silver Price gained 15.2 (0.9%) to 1702.9¢ on Comex & gold rose $2.80 (0.2%) to $1,224.00.

    I don’t reckon the slide in silver & gold is quite over yet, even though both rose today. Gold Price is trying to find footing around $1,200, silver somewhere above 1600¢. Keep your eye peeled, this is the opportunity.

    Durn! I left the lesson off my Susan Story last night. It’s for men: y’all have no idea how much your wife accomplishes for you every day, so the chance of your praising her too much or hugging her too often is nil. Treasure what you have.

    Argentum et aurum comparanda sunt —
    Silver and gold must be bought.
    — Franklin Sanders, The Moneychanger

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